Simple: divide the money supply of dollars by the ounces of gold owned in the U.S.
U.S. M2 money supply Mar. 2021: $20 trillion
U.S. federal reserve gold holdings: 8133 metric tons = 261 million troy oz.
Implied price of gold: $76,847.
Of course, this is a very simple calculation. It doesn't account for gold holdings in other nations or private gold ownership. I can't find any data on gold owned outside of the government. So expect the actual gold purchasing power to be 2x, 3x or 4x lower.
Regardless, your gold would buy at least 10x more stuff than it does now.
Simple: divide the money supply of dollars by the ounces of gold owned in the U.S.
U.S. M2 money supply Mar. 2021: $20 trillion
U.S. federal reserve gold holdings: 8133 metric tons = 261 million troy oz.
Implied price of gold: $76,847.
Of course, this is a very simple calculation. It doesn't account for gold holdings in other nations or private gold ownership. I can't find any data on gold owned outside of the government. So expect the actual gold purchasing power to be 2x, 3x or 4x lower.
Regardless, your gold would buy at least 10x more stuff than it does now.